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In the state of Oklahoma, the Buyer has ten days (unless specified otherwise) to perform inspections on the property and complete underwriting requirements for his/her Lender. If the inspections turn up something that alarms the Buyer or the Lender discovers that the Buyer is not truly qualified, his/her earnest money will be returned and the contract is voided. So, during that time period, the Buyer is doing his "due diligence." If, however, after that time, the Buyer simply decides not to continue with the transaction, his earnest money is non-refundable.

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12y ago

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